Not Real Estate; More like Real Estates

The poshest of luxury homes are acquiring the cachet of a masterwork by Picasso or Matisse. Rather than settle for garages of antique cars or a museum’s worth of paintings, billionaires are increasingly willing to pay $100 million for homes that can serve as showcases for their fortunes, according to a recent analysis by Christie’s International Real Estate. “It tells you that there is a new class of collectible — they’re trophies now,” Dan Conn, CEO of Christie’s real estate brokerage, said of the most lavish homes being acquired.www.dallasnews.com